Accounting and Book-keeping
Accounting is the systematic process of recording and analyzing and interpreting the financial transactions.
It is the responsibility of every business – whether large or small to furnish their accounting records to the Income Tax Department.
Moreover, start-ups ignore and after few years, they have to face problems.
In addition, to avoid problems like raid and fines so it is always good to maintain your financial records and furnish details to the government agencies.
Payroll process refers to the maintenance of employee financial records with respect to their salaries, wages, net pay, tax deductions, incentives and other statutory requirements like PF (Provident Fund) and ESI (Employees’ State Insurance).
An effective payroll management system ensures timely payment of salaries to employees so which reflects positively on the company’s financial stability and thereby leaving no room for legal implications.
However, thus maintaining a high morale within the company! A payroll management system is essential for every organization alike – startup, medium-sized or large-scale.
TDS Return Filing
Firstly, online TDS return is a statement given to the IT department every quarter. It is essential for every deductor to deposit income tax and file for TDS return on time.
GETMEONLINE assists and guides you on online TDS return in 3 easy steps:
- Information Collection: Our agents will set up a seamless process for data collection
- Return Preparation: Your return will be prepared as required
- Return Filing
Individual Income Tax Filing
Firstly, Income Tax Return is a form which is used to file the income tax with the Income Tax Department and Income tax is a tax imposed by the Central Government on income of a person, filing income tax is every citizen’s responsibility.
Secondly, The IT department verifies these declarations of income and if any amount has been paid in excess, the department refunds the amount to the assesses bank account.
All entities are required to file the taxes on time to avoid penalty.
Thirdly, the form that contains information of income and tax paid of an assesse is called Income Tax Return.
The Income Tax Department of India has various forms for it such as ITR 1, ITR 2, ITR 3, ITR 4S, ITR 5, ITR 6 and ITR 7.
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